Global Ceramic Roller Bearings Market to Reach US$ 626.2 Million by 2028, Propelled by Rising Adoption of Lightweight Automotive Components

November 03, 2022 | Heavy Industry

According to the latest report by IMARC Group, titled “Ceramic Roller Bearings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global ceramic roller bearings market size reached US$ 375.4 Million in 2022. Ceramic roller bearings are rotatory machine components, such as rolling cylindrical rollers, that are an essential component in mechanical engineering. The bearings are specifically designed to reduce friction when carrying heavy loads. Ceramic bearings are largely composed of ceramic materials with lower thermal conductivity, superior acceleration, and improved electrical insulation when compared to conventional bearings. Furthermore, they are characterized by higher levels of electrical insulation, are more dimensionally stable, and are water resistant. Ceramic bearings include several elements, including the inner and outer rings, balls, snap rings, and retainers. They find widespread utilization in manufacturing across a variety of end-use industries.

Global Ceramic Roller Bearings Market Trends:

The global market is primarily driven by the increasing usage of lightweight materials in automotive components. This can be attributed to the rising trend for using ceramic-based bearings instead of stainless-steel bearings for manufacturing corrosion-resistant machine components. In line with this, rapid product utilization for automotive fuel efficiency and high-temperature applications is providing an impetus to the market. Continual innovations in the production of conveyors and electric motors, along with the advent of advanced seal, lubrication technologies and lightweight materials, are fueling the market. Additionally, the escalating demand for heavy-duty commercial vehicles and passenger cars is further creating a positive outlook for the market. Some of the other factors contributing to the market include considerable growth in the automotive industry, the inflating disposable incomes of the masses, rapid industrialization, and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 626.2 Million by 2028, exhibiting a CAGR of 9.1% during 2023-2028.

Market Summary:

Based on the type, the market has been segmented into silicon nitride, zirconium oxide, and others.
On the basis of the product type, the market has been divided into hybrid ceramic roller bearings and full ceramic roller bearings.
Based on the application, the has been categorized into automotive and railways, industrial and mechanical equipment, power generation, aerospace, and others.
On the geographical front, the market has been segregated into China, Europe, the United States, Japan, Rest of Asia Pacific and others.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include AB SKF, Cerabea Co. Ltd., CeramicSpeed, CeramTec GmbH, Emerson Bearing Company, Hentec Oy Ab, JTEKT Corporation, NSK Ltd., Ortech Advanced Ceramics, Schaeffler Technologies AG & Co. KG, and The Timken Company.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Type, Product Type, Application, Region
Region Covered	China, Europe, United States, Japan, Rest of Asia Pacific, Others
Companies Covered	AB SKF, Cerabea Co. Ltd., CeramicSpeed, CeramTec GmbH, Emerson Bearing Company, Hentec Oy Ab, JTEKT Corporation, NSK Ltd., Ortech Advanced Ceramics, Schaeffler Technologies AG & Co. KG and The Timken Company
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
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Global Ceramic Roller Bearings Market to Reach US$ 626.2 Million by 2028, Propelled by Rising Adoption of Lightweight Automotive Components

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